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1970
The part of the conception of corporate governance, globalization, the decline of the Welfare State and its replacement by neoliberalism, the oil crisis, the formation of financial markets, the free circulation of financial assets, the indebtedness of the countries no and a period of global economic growth that marks the differences between rich and poor countries. -
1973
Spence proposes signaling as a mechanism in hiring the best workers. -
1975
Studies of democratic governance begin with the report of the Trilateral Commission. -
1976
Jensen and Meckling publish an article where they contextualize the company's problem and originate their modern research regarding the economic sphere. They establish that a manager whose ownership of the company he or she directs is less than 100% has conflicts of interest with the owner since there are private control benefits obtained by the manager in deteriorating wealth of the owners. they study the disadvantages of the North American companies and elaborate a model of agency costs. -
1984
Freeman in 1984, uses the term Stakeholders (Best Projects), referring to those who can affect or be affected by the different activities of a company. These make up groups interested in the actions of a company. The theory of "the best companies" cites that some companies borrow less than others by preference, in order to minimize the risk and attract the valuable participation of stakeholders in terms of investments. -
1986
Jensen in 1986, does not share this position, since it extends free cash flows, informing that indebtedness helps to reduce those costs, which causes the owners to create more aggressive strategies at the level of production and investment. -
1990
This problem is addressed as a matter of corporate governance. Theme that from strong and diverse theories such as those mentioned above takes strength attracting businessmen, businessmen and researchers and in the same way is extended by the specialized and popular press. It is clear that the markets and the different organizations formed the central axis both economically and politically. -
Law 222
In Colombia, the concept of Corporate Governance emerged with force in 1995, with Law 222, with the adoption of norms, not so tangible with respect to corporate governance, with the aim of covering flaws that are still unprotected in the current legislation trade. -
1998
The departure point for the OECD's issuance of corporate governance principles. -
1999
the principles are approved, to assist the governments of member and non-member countries that evaluate and improve their legal, institutional and regulatory frameworks on Corporate Governance, in addition to providing directives and suggestions for investors, stock exchanges, companies and others that do part of the development of good development practices of this, who approves the above is the Organization for Economic Cooperation and Development. -
2000
Fall of the stock market, discredited the Corporate Governance Model by case Enron and WorldCom. -
Resolution 275
It should be noted that the promotion of self-regulation was implemented in Resolution 275 of 2001, which is an important step, since they establish the bylaws that must provide that each board of directors is responsible for ensuring effective compliance with the requirements set out in the resolution mentioned above for good Corporate Governance -
Law 964
Law 964 of 2005 establishes new and restructured patterns that mean the strengthening of regulations regarding Corporate Governance in the National Securities Market. -
2008
Financial Crisis, the immediate solution "Corporate Governance" -
2018
Only the good practices of a good CORPORATE GOVERNANCE ensure long-term success Many companies